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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Logbook Cuts Car Perquisite Value for Mixed Use: 70% Official Use Lowers Taxable Amount from 31,600 to 19,200.</h1> An individual owns a 1400cc car used for both official and private purposes. During the 2014-15 year, the individual spent 40,000 on car maintenance and paid a driver a salary of 24,000. The employer reimbursed the total expenditure of 64,000. Without a logbook, the perquisite value is calculated by deducting 32,400 for official use, resulting in a perquisite value of 31,600. If a logbook is maintained showing 70% official use, the deduction increases to 44,800, reducing the perquisite value to 19,200.
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